Why don't weekend funds count as holdings and expected returns?
In fact, under normal circumstances, the number of days held by the weekend fund is calculated, and it will also produce expected returns, but it is not calculated in some cases.
1, days of fund holding
The holding days of the Fund are from the confirmation date of fund subscription to the day before the confirmation date of fund redemption, and the natural days between the periods are counted as holding days, including weekends and legal holidays.
For example, if an investor purchases a fund before March 3rd 15: 00, and applies for redemption of the fund before March 3rd 15: 00, the confirmation date of fund purchase is March 4th, and the confirmation date of redemption is March 4th 1 1, and the fund is held.
The number of days is 7 days (March 4-March 10, ***7 days).
It can be seen that after the fund share is determined, the weekend is also calculated within the holding days, and the expected income is also calculated.
However, because the subscription date and confirmation date of the fund are calculated according to the trading day, so
If investors apply for funds after 15: 00, that is, two trading days after Thursday holiday, the holding days will not be counted for weekends and the whole holiday.
For example, investors apply for funds on February 28th (Friday). Since the weekend is a non-trading day, the fund company needs to wait until March 2 (Monday) to confirm the fund share, so the number of days held by the fund is only calculated from March 2, and February 29 and March 1 are not counted as the number of days held or the expected income of the fund.
2. The fund holds expected returns.
As can be seen from the above explanation, the number of days held by the fund and the expected return are calculated from the date of subscription confirmation, so when will the expected return of the fund expire?
For general fund products, the expected return of the fund is calculated to the trading day when the fund is sold.
That is to say, if the fund is sold on T day, the expected return will be calculated on T day, but not after T+ 1.
For example, if an investor sells a fund on February 28th (Friday), the expected return will expire on February 28th. Although the confirmation date of fund redemption will be postponed to March 2, February 29 and March 1 day only calculate the number of days held by the fund, not the expected return of the fund.
The above content about why the fund weekend is not counted, I hope it will help everyone. Warm reminder, financial management is risky and investment needs to be cautious.